Microsoft announces quarterly dividend hike By Investing.com

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Microsoft announces quarterly dividend hike

Published Sep 19, 2023 10:31AM ET

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Microsoft announces quarterly dividend hike

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Microsoft (NASDAQ:MSFT) announced a quarterly dividend increase in a press release on Tuesday.

The tech giant declared a quarterly dividend of $0.75 per share, reflecting a $0.07 or 10% increase over the company's previous quarter's dividend. The dividend is payable on December 14 to shareholders of record on November 16, with the ex-dividend date on November 15.

In addition, MSFT announced the 2023 Annual Shareholders Meeting will be held on December 7.

On Monday, it was reported that Microsoft's longtime product chief, Panos Panay, has stepped down. A report from Bloomberg stated Panay will join Amazon (NASDAQ:AMZN) to run the division responsible for Alexa and the Echo smart speakers.

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Comments (1)

Derick Lim Sep 19, 2023 10:47AM ET

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A little incentive to rally the stocks since AI 🐂💩 doesn't work

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